Mergers & Acquisitions ·
Afya Limited entered into a binding merger agreement with Yduqs Participações S.A. to combine their Brazilian higher…
AFYAAfya Ltd
Afya Limited entered into a binding merger agreement with Yduqs Participações S.A. to combine their Brazilian higher education platforms. Under the transaction, Afya will merge into Yduqs, which becomes the surviving holding company listed solely on Brazil's B3 exchange. Afya shares are delisted from Nasdaq and converted at an exchange ratio of 6.408347 new Yduqs shares per Afya share. Post-transaction ownership is split 69.0% for former Afya shareholders and 31.0% for existing Yduqs shareholders, with Erste WV Gütersloh GmbH (Bertelsmann) holding 47.4%. The deal requires shareholder and antitrust approvals and must close by March 31, 2028. Break-up fees range from R$325 million to R$650 million depending on the stage of breach. Afya Limited operates in the medical education sector in Brazil.